KAY CROENEN: what changed
KAY CROENEN
Largest movements
- Receivables within one year +€40,556
up €40,556 (+9,914%), from €409 to €40,965
of which Trade receivables: +€40,965
- Cash +€11,762
up €11,762 (+1,532%), from €768 to €12,529
mainly Debts after one year (+€22,750) and Net result for the year (+€18,379)
- Tangible fixed assets -€6,365
down €6,365 (-100%), from €6,365 to €0
- Debts after one year +€22,750
new in 2025: €22,750
- Reserves +€9,471
up €9,471 (+189%), from €5,000 to €14,471
- Tax, wage and social debts +€9,185
up €9,185 (+1,068,019%), from €1 to €9,186
of which Taxes: +€7,385
- Profit (loss) carried forward +€8,908
up €8,908, from -€8,908 to €0
- Other debts -€7,642
down €7,642 (-20.1%), from €38,073 to €30,431
- Gross operating margin +€24,853
up €24,853, from -€1,505 to €23,348
- Purchases and services -€5,300
no longer reported in 2025 (was €5,300)
- Taxes +€3,416
up €3,416 (+3,120%), from €110 to €3,526
- Depreciation -€2,938
down €2,938 (-100%), from €2,938 to €0
- Turnover -€1,497
no longer reported in 2025 (was €1,497)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,766 | €97,575 | +€44,810 | +84.9% |
| Fixed assets | 21/28 | €6,365 | €0 | -€6,365 | -100% |
| Tangible fixed assets | 22/27 | €6,365 | €0 | -€6,365 | -100% |
| Furniture and vehicles | 24 | €6,365 | €0 | -€6,365 | -100% |
| Current assets | 29/58 | €46,401 | €97,575 | +€51,174 | +110% |
| Amounts receivable within one year | 40/41 | €409 | €40,965 | +€40,556 | +9,914% |
| Trade receivables | 40 | - | €40,965 | +€40,965 | |
| Other amounts receivable | 41 | €409 | €0 | -€409 | -100% |
| Current investments | 50/53 | €44,849 | €44,081 | -€768 | -1.7% |
| Cash at bank and in hand | 54/58 | €768 | €12,529 | +€11,762 | +1,532% |
| Deferred charges and accrued income | 490/1 | €375 | €0 | -€375 | -100% |
| Total equity and liabilities | 10/49 | €52,766 | €97,575 | +€44,810 | +84.9% |
| Equity | 10/15 | €14,692 | €33,071 | +€18,379 | +125% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,000 | €14,471 | +€9,471 | +189% |
| Distributable reserves | 133 | €5,000 | €14,471 | +€9,471 | +189% |
| Profit (loss) carried forward | 14 | -€8,908 | €0 | +€8,908 | |
| Amounts payable | 17/49 | €38,074 | €64,504 | +€26,430 | +69.4% |
| Amounts payable after more than one year | 17 | - | €22,750 | +€22,750 | |
| Financial debts | 170/4 | - | €22,750 | +€22,750 | |
| Amounts payable within one year | 42/48 | €38,074 | €41,754 | +€3,680 | +9.7% |
| Trade debts | 44 | - | €2,137 | +€2,137 | |
| Suppliers | 440/4 | - | €2,137 | +€2,137 | |
| Taxes, remuneration and social security | 45 | €1 | €9,186 | +€9,185 | +1,068,019% |
| Taxes | 450/3 | €1 | €7,386 | +€7,385 | +858,716% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €38,073 | €30,431 | -€7,642 | -20.1% |
| Turnover | 70 | €1,497 | - | -€1,497 | |
| Non-recurring operating income | 76A | - | €1,693 | +€1,693 | |
| Goods, raw materials, services and sundry goods | 60/61 | €5,300 | - | -€5,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,938 | €0 | -€2,938 | -100% |
| Other operating charges | 640/8 | €560 | €627 | +€66 | +11.8% |
| Gross operating margin | 9900 | -€1,505 | €23,348 | +€24,853 | |
| Operating profit (loss) | 9901 | -€5,003 | €22,722 | +€27,725 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +123% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +123% |
| Financial charges | 65/66B | €285 | €818 | +€533 | +187% |
| Recurring financial charges | 65 | €285 | €818 | +€533 | +187% |
| Profit (loss) for the period before taxes | 9903 | -€5,287 | €21,905 | +€27,192 | |
| Income taxes | 67/77 | €110 | €3,526 | +€3,416 | +3,120% |
| Profit (loss) for the period | 9904 | -€5,397 | €18,379 | +€23,776 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,397 | €18,379 | +€23,776 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.